Synthetic Aperture Radar (SAR) in Space Sector Market Key Information By Top Key Player Airbus SE, Capella, BAE Systems, Iceye, Harris Corporation, Lockheed Martin Corporation, Israel Aerospace Industries

MarketStudyReport.com Adds New Synthetic Aperture Radar (SAR) in Space Sector Market 2018 – 2024 research report providing information and data By Frequency Band, By Application, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 250 Pages with table and figures in it.

Synthetic Aperture Radar (SAR) in Space Sector Market Research Report for the period of 2018-2024 that shows the growth of the market is rising at a 11.5% CAGR to 2024.

Requirement for high resolution remote sensing and imaging solutions development for earth observation, biomass measurement, weather monitoring, ocean monitoring, and space exploration is expected to be the prominent factor fueling the SAR in space sector market. Requirement of optimum lighting conditions and absence of cloud cover for efficient operations of optical imaging solutions are expected to leverage the radar solutions demand over the forecast period.

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In 2015, U.S. Department of Commerce (DoC) approved the license of XpressSAR Inc., to operate private and commercial synthetic aperture radars. It was the first 100% U.S. owned company approved to operate a constellation of four X band radars for commercial applications. Utilization of the imagery data for commercial applications is to be among the prominent trend gaining traction across the globe. Moreover, revenue generation opportunities presented by these solutions is expected to leverage the competitive scenario and SAR in space sector market growth.

High costs associated with the designing, development, deployment, and high complexity in developing usable image from the reflected microwaves is expected to be the major factor hampering the overall business growth. Requirement of large space and heavy weight of the systems, in conjunction with the necessity of support systems is expected to restrain the growth of the SAR in space sector market share.

R&D activities to reduce the size and weight of the overall systems is expected to remain the prime focus of the industry participants. For instance, in January 2018, Iceye deployed its first micro-SAR satellite in the orbit with the ability to generate two and three-dimensional images for different applications. Such technological innovations are expected to present strong growth platform for the SAR in space sector from 2018 to 2024.

Single frequency band is expected to continue its dominance in the global SAR in space sector market share. High utilization of single frequencies for appropriate missions, specifically for military surveillance and reconnaissance will drive the segment growth. In 2017, X band synthetic aperture radar dominated the single frequency band. This can be credited to its extensive applications in military surveillance, geographical mapping and reconnaissance.

Research & commercial application segment is projected to witness significant gains over the forecast limeline. High growth opportunity through its commercial applications for disaster management, natural resource exploration, meteorology, and navigation will strengthen the segment growth prospects.

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Europe SAR in space sector market contributed the largest industry share in 2017 and is expected to surpass USD 2.3 billion by 2024. Multiple planned and ongoing missions in the region, including multi-constellation satellites and follow on missions in Russia, Germany, Finland and the UK will drive the industry growth. Moreover, according to ESA budget for 2018, 52% of the assigned budget capital was dedicated towards navigation, scientific program, earth observation, situational awareness, and technology support. These operations will require increased utilization of microwave-based radars, inadvertently propelling the regional growth.

Global SAR in space sector is consolidated in nature with limited presence of the participants contributing the significant share of the industry. This can be attributed to the high initial capital requirement, skilled workforce, and the heavy procedural government approvals required for the projects. Some of the major players in the SAR in space sector market include Airbus SE, Capella, BAE Systems, Iceye, Harris Corporation, Lockheed Martin Corporation, Israel Aerospace Industries, Northrop Grumman Corporation, MDA Information Systems, Thales Group, Raytheon Company, and Uthercast.

High emphasis on the deployment of multi-constellation satellite for regular information updates on the global level is expected to fuel the industry competition for commercial space. For instance, Capella Space has announced the plans for deploying constellation of 31 satellites by 2020 for hourly updates on the earth observation data.

Table of Content:

Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. SAR in Space Sector Industry Insights
Chapter 4. SAR in Space Sector Market, By Frequency Band
Chapter 5. SAR in Space Sector Market, By Applications
Chapter 6. SAR in Space Sector Market, By Region
Chapter 7. Company Profiles

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Related Report:

United States Synthetic Aperture Radar Market Report 2018

In this report, the United States Synthetic Aperture Radar market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.

https://www.marketstudyreport.com/reports/united-states-synthetic-aperture-radar-market-report-2018/?utm_source=RR-PSR

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